Here are the stocks and sectors that are likely to lead the next bull run – the economic times gas tax

Sectors and stocks that lead one bull market rarely participate in the rally that follows it. Gas in california For example, Tata Steel was the darling of the 1992 rally with a Sensex weight of 15.82%, but it was nowhere in the 2000 rally—by then, its weight had shrunk to just 1.52%. Electricity cost calculator Similarly, Infoys was a favourite of the 2000 rally with a weight of 19.59%, but it did not participate in the 2008 rally—its weight reduced to 5.71%. Electricity physics khan academy Reliance Industries rode the 2008 rally with a weight of 15.68%, but did not participate in the 2015 rally as its weight fell to 6.12%. Grade 9 electricity quiz ICICI Bank, the stock with the maximum weight on the Sensex at its 2015 peak is already slipping. 76 gas station jobs While the counter has fallen 33% from its 2015 high, its weight on the Sensex has shrunk to 5.64%. Beaten down segments—since the Sensex bottom of January 2016—such as PSU banks, metals and commodities have seen a jump in the past few months. Electricity kwh to unit converter Since these sectors did not participate in the last bull market in 2015, when the Sensex reached 30,000, could they be spearheading the next rally? Or, is this just a dead cat bounce situation, a temporary recovery, in these counters? Experts caution investors against assuming that sectors and stocks that did not participate in the previous bull market will, by default, lead the next one. Let’s understand this better: “In a typical bull market, some story catches the fancy of investors and they start following it blindly, much like the rats who followed the Pied Piper of Hamelin,” says Ajit Dayal, Founder and Chairman, Quantum Mutual Fund.

Gaz 67 ‘Replacement cost theory’ was the theme that drove the 1992 bull market. Electricity song omd The logic, put out by Harshad Mehta, was very convincing: Instead of setting up new capacity, foreign investors would buy Indian companies at replacement cost. Gas pressure definition chemistry This ‘replacement cost’ kept on increasing as the rupee depreciated and got reflected in higher domestic prices. Npower electricity meter reading The theme caught the fancy of the then Sensex heavyweights such as Hindustan Motors, Premier, Mukand, etc.—now nowhere in the market scene.

Though fundamentally strong and cash-rich sectors such as IT, FMCG and pharma were leading the 2000 boom, the rally ended with just IT and telecom at its peak. Power quiz questions This was because the bull run in India coincided with that of the global tech and dotcom boom. Gasbuddy Though operators such as Ketan Parekh were active in 2000. B games car At the height of the frenzy, investors were chasing even manufacturing and finance companies that changed their names to sound like IT companies.

Triggered by the ‘decoupling theory’, the 2008 bull market was part of a synchronised global rally in the emerging markets. Electricity history Since the US was following a loose monetary policy, commodities and commodity stocks also participated in this rally.

Gas unlimited sugar land tx However, the hope of emerging markets getting decoupled from the developed market were dashed during the 2008-09 bear market. Electricity invented what year Commodities and commodity stocks crashed during this period.

Once reality set in, investors started chasing fundamentally strong and cash-rich sectors such as IT, FMCG, pharma, auto, etc. Gas 93 octane again. Gas monkey monster truck hellcat While Sensex absolute return from the 2008 peak are placed at a modest 36%, several Sensex stocks—Maruti, TCS, HUL, among others—have given fabulous returns. Gas natural fenosa On the other hand, investors who held on to several fancied infra, real estate and commodity stocks have lost big time.

‘India growth story’ is the theme that is driving the market now. M gastrocnemius The plot of this story is that India will remain the fastest growing economy in the world for a long time and FIIs (foreign institutional investors) will flock to India to benefit from this growth. Jokes gas prices The story received a major push with the formation of the new, majority government at the Centre.

Find a gas station near me Compared to a broad-based bull run of 2008, the stock market rally now is getting narrower. Static electricity in the body effects For example, the performance gap between private and public sector financial companies has widened sharply. Gas bloating pregnancy While ICICI Bank was doing well till 2015, its performance has fallen with the market segregating private sector banks as ‘corporate oriented’ and ‘consumer oriented’. V gas station Currently, consumer-oriented financial companies such as HDFC and HDFC Bank make up a large chunk of the Sensex with a combined weight of 18.36%. “History does not repeat itself, but it often rhymes” goes the aphorism.

Gas tax in washington state It’s particularly true in the case of bull runs. Chapter 7 electricity test While the characteristics of bull markets remain similar, the sectors driving it vary. Gasbuddy app So, in general, what is it that the crowd likes to pick in a bull market? “It likes companies that grow rapidly.

Year 6 electricity assessment During a bull market madness, growth is more valued than the quality of growth,” says Raamdeo Agrawal, Joint MD, Motilal Oswal Securities. Gasbuddy touch Maybe, because the markets are being driven by the India-growthstory theme, the search for growth is particularly pronounced this time.

Gas x side effects liver “Multi-baggers will come only from fast-growing companies. Gas used in ww1 FIIs come to India for its growth story. Industrial electricity prices by state Domestic investors look for the same,” says Sandeep Nayak, ED and CEO, Centrum Broking.

Electricity song billy elliot However, even when chasing growth, investors need to get their bets right, and it is here that the drivers specific to a particular bull run need to be paid attention to. Electricity flow diagram “Since we are heading towards a global recession, investors should focus only on the domestic growth areas,” says Chandresh Nigam, MD and CEO, Axis Mutual Fund. Q gastrobar leblon Navneet Munot, Chief Investment Officer, SBI Mutual Fund concurs: “The upcoming rally will be based on the domestic economy and will be triggered by the revival in domestic consumption and investments.” Let’s concentrate on themes and sectors that are expected to report the fastest growth in the coming years largely driven by domestic factors. A SOUND strategy for investors is to entirely avoid trying to capture the next big gainers and stick with fundamentally strong companies.

Electricity vs magnetism Even if these companies’ short-term performance may not live up to the next bull market’s frenzy, investors should stick with them, say experts. Electricity billy elliot instrumental “Stick with stocks that show high growth and maintain high quality. Gas in michigan That way you can participate in a bull market and the hit will be less in the next bear market,” says Raamdeo Agrawal, Joint MD, Motilal Oswal Securities. Growth is very easy to measure, but what are characteristics determine quality?

“Stick with less leveraged (debt) companies, those with high governance standards and companies generating free cash flows over the years”, says Nilesh Shah, MD, Kotak Mahindra Mutual Fund. Electricity usage calculator kwh Finally, investors should also consider the price they are paying for this quality. Arkansas gas association “Shortlist companies based on their quality of management and business.

Gas in babies treatment But buy only when the price is reasonable and then be patient,” says Ajit Dayal of Quantum Mutual Fund. Consumption is the corner stone of the Indian economy now. I gas shares A scrutiny of the latest GDP figure, 7.1%, the lowest in the last five quarters, reveals this. Gas city indiana newspaper While manufacturing has reported above average growth of 9.1%, construction slumped to 1.5%. Gas pump icon “The first quarter GDP numbers, to a great extent, mirror the fact that consumption growth is driving the economy rather than investment growth,” says Suvodeep Rakshit, Economist, Kotak Institutional Equities.

Bp gas locations The consumption theme is being propelled further because tailwinds in the form of good monsoon and additional government spending due to the Seventh Pay Commission. British gas jokes However, experts say, their bullishness is not because of short-term factors.

Electricity sources “Though the consumption theme has been there for the last few years, there is enough steam left. Electricity and circuits class 6 pdf Companies with strong brands (which have pricing power), will be the big beneficiaries,” says Nigam. The structural changes in rural India due to the central government’s financial inclusion drive will also drive rural consumption in the future.

Electricity word search ks2 Easy availability of loans from the organised sector—banks, NBFCs, micro finance companies—is a key driver. Gas mask tattoo “The difference between interest rate charged by organised players and local money lenders is drastic,” says Munot. Gas mask ark Even though organised players charge high rates of 15%-20% per annum, this is still a lot less compared to around 5% per month charged by local money lenders. Basic electricity quizlet The impact of low-cost availability of funds will be more on consumer discretionary items.

Electricity youtube billy elliot “Cars, consumer durables, should do better,” says Saurabh Mukherjea, CEO, Institutional Equities, Ambit Capital. Private banks and NBFCs catering to the rural segment will be direct beneficiaries and continue to report high growth rates. La gastronomia They will also corner PSU bank market share. Gas 10 8 schlauchadapter But, are these positives already priced in? “Valuations of some of the large-cap private sector banks have fully priced in the positives, there are several mid-cap lenders such as Lakshmi Vilas Bank that are still at reasonable valuations,” says Jigar Shah, CEO, Kim Eng Securities.

The government’s focus on low-cost housing will be the next trigger for growth—rural as well as urban. Electricity word search answer key “Affordable housing push should give significant demand boost to home improvement, consumer durables, pipes, cables, etc.,” says SBI’s Munot.

Electricity and magnetism notes Cement is another segment that will benefit significantly. Gas tax in new jersey But, given that the cement segment has rallied significantly in the recent past, have the positives been factored in? No, say experts. Gas 02 “Compared to the previous up cycle valuations of $250 per tonne, many cement companies are still trading in the range of $75-$100,” says Centrum Broking’s Nayak. Since the consumption theme is quite wide, several smaller sectors are also likely to ride it. Kite electricity generation “Investors should focus on sectors with fewer organised players such as health services—hospitals, diagnostic centres, etc.,” says Nayak.

Electricity 101 episode 1 This is because these few organised players will be able to report faster growth by gaining market share rapidly. O gastronomo buffet Education, movies and entertainment sectors are also likely to see faster growth. The segmental analysis of the past three years presents an interesting picture. Locate a gas station near me While large-caps are generating just average returns, mid- and smallcaps are already in the bull phase.

Q gas station The mid- and smallcap segment has given high returns to investors, but they need to be careful. Gas after eating The risk level in this space has risen, especially because of the high valuations. La gastritis While the PE (price-earnings ratio) of the Sensex is placed at 20.84, the PE of the BSE Mid Cap Index is placed at 33.84 and BSE Small Cap Index is placed at 75.12. E sampark electricity bill payment And that explains why some experts have already started getting nervous about this space. Electricity joules Kotak Institutional Equities, for instrance, has dropped its entire mid-cap portfolio.

Gas vs electric oven cost “Five out of 11 recommended stocks are trading above or close to our 12-month fair valuations,” says Sanjeev Prasad of Kotak Institutional Equities. India is on the cusp of a data revolution, but telecom majors responsible for this won’t be its biggest beneficiaries in the near future. Gas vs electric oven review This is because of the maddening competition— made even more intense with the entry of Reliance Jio—and the high cost of spectrum.

Gas vs electric water heater Some of these companies also have a huge pile of debt. Gas out game directions However, experts are hopeful that things will improve in future. Gaston y la agrupacion santa fe “Players in this segment are limited and things should improve after some time, if these players don’t remain irrational for too long,” says Nigam. Whether the core telecom companies make money or not, it is certain that the enablers will do. Electricity notes physics “Companies like Sterlite Tech and Bharti Infratel, which will enable the current digital push, will be the main beneficiaries (of the digital push),” says Shah of Kim Eng Securities.

Electricity notes class 10 pdf Companies into high data analytics, such as Persistent Systems, will also benefit from the digital push. Businesses that have decided to use technology in a big way will also gain from the growth in digital economy.

1 unit electricity price india “Banks, consumer and consumer finance companies, which are taking the digital route will see exponential growth,” says Agrawal of Motilal Oswal Securities. Electricity per kwh calculator Bajaj Finance, which has seen a good earnings growth—its share price has also doubled during the last one year—is the best example of such companies. Logistics is another segment that will benefit both because of GST and the rollout of digital networks.

Ogasco abu dhabi “Bottom-line of logistics companies will multiply once the movement of goods becomes easier. Electricity kwh calculator Imagine the savings it brings once trucks are allowed to run at least 25 days a month instead of the current 15 days (due to bottlenecks at various levels),” says Nayak. The government has been pushing for renewable energy and its impact will be visible after some time.

Gas in babies home remedies “With around 7-8 GW of new installations per annum, renewable energy is getting into mainstream now. Gas works park seattle Here again, the facilitating companies will be the main beneficiaries,” says Shah. The capital expenditure (capex) from government on roads, railways, defence, power transmission, etc., is already on track, but private sector capex is yet to pick up. Gasco abu dhabi email address This is expected to happen in the next 2-3 years, because the excess capacity in some sectors is quite huge. Hair electricity dance moms “Plant load factor is at a 10-year low for the power sector,” says Mukherjea of Ambit Capital. Gas x breastfeeding side effects So, it makes sense for investors to avoid companies such as BHEL, which cater mostly to the power segment.

Origin electricity login However, there is no need to avoid the capital goods segments altogether. Gasbuddy va “New capacity won’t come in sectors such as power, metals, etc. E seva power bill payment (where there is excess capacity), but may be added in other sectors,” says Munot. Gas finder rochester ny Capex can also be seen in agro industries, defence, railways, renewable energy and urban infrastructure.

Electricity physics definition “(Capex) funding can happen through FDI, contribution from government and households (through capital markets),” says Munot. Commodities, such as metals, that have huge over capacities, will continue to drag. Gas finder near me Pricing pressure will remain for intermediaries, business-to-business players.

Electricity merit badge requirements The IT sector is expected to underperform in the coming years because of the fall in global demand and due to its high valuations. Gas you up “Due to a global demand slowdown, most IT services companies are reporting single digit growth rates now. Q card gas station More importantly, their pricing power is also under threat,” says Nigam. O gosh This is why leading companies’ counters such as Infosys and Wipro are languishing at their 52-week lows.

PSU banks have shown a smart recovery in the past few months— since their January 2016 bottom— but are still significantly down from their 2015 peak. V gashi 2012 For example, SBI is still 23% down from its 2015 peak.

Gas out game rules In addition to the NPA issues, availability of capital—government may not find enough capital to sustain their growth and PSU banks may not go for private capital because that will push its holdings below 50%—is also affecting these banks. Gas weed “What is happening now in the PSU bank space is just pull-back rallies—not sustainable till problems are addressed,” says Nayak. Investors should also avoid companies with huge debt.

Electricity 101 presentation Though there was a pullback rally in such companies—mostly infra, real estate, metals, power generation—recently, this may not be sustainable. Gas stoichiometry formula Though the fall in interest rates will provide them with some solace, market will not reward them till they solve the basic problem of high debt. Electricity names superheroes Companies are trying to reduce their debt through asset sales, raising capital through equity, but all these measures will take time to cut their debt.

While most experts agree that the market is ripe for the start of the next bull market, there are several others who believe that the start of a bull market is still some years away. Electricity labs for middle school “It is difficult to say that we are getting into a bull market now because capex recovery is still some time away,” says Mukherjea of Ambit Capital. Mp electricity bill payment online indore However, all experts agree that the Indian stock market will be in a bull run in the next 5-7 years and, therefore, the sectors, themes mentioned above have been analysed with this time frame in mind.

Gas to liquid Investors, however, should be ready for serious correction in the middle, most likely to be triggered by global events. Site: http://economictimes.indiatimes.com/wealth/invest/here-are-the-stocks-and-sectors-that-are-likely-to-lead-the-next-bull-run/articleshow/53992798.cms